Electronic design-automation providers stand to gain $6 billion through 2030, Bloomberg Intelligence's AI scenario analysis shows, with AI-enabled tools like Synopsys' DSO.ai and Cadence's Cerebrus seeing performance gains among its customers.

Growing use of generative AI to help with product design can help shorten the window from conception to production, reducing long lead times that often produce inventory imbalances and missteps.

The product, code-named J490, could be announced as early as March, the report said, adding that it will spotlight the new AI platform, Apple Intelligence. Apple did not immediately respond to a Reuters request for comment.

Qualcomm Inc. Chief Executive Officer Cristiano Amon said the artificial intelligence boom won’t lead to a global chip shortage similar to what happened during the pandemic, even with demand for AI-enabled smartphones rising.

(Reuters) -OpenAI co-founder Greg Brockman has returned to the artificial intelligence startup three months after taking a leave from his role as president, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

Based on my interviews with companies using Agentforce and news that Salesforce is hiring a large number of salespeople to sell the service, I expect Salesforce stock

Tech giants are set to spend a staggering $200 billion on AI-related capital expenditures this year, according to Bloomberg's calculations, marking an all-time high for these

Climate tech firms are on track to raise just half the capital they raised last year. Meanwhile, AI companies are enjoying an investment boom.

The booming demand for electricity from data centers and new factories requires an “all of the above” energy strategy that opens up the possibility of Southern Co. extending the retirement date of one of its coal plants, said Chief Executive Officer Chris Womack.

Nvidia Corp.’s stock has almost tripled this year, and Wall Street analysts are overwhelmingly positive on the chipmaker. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion,

The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years of investing billions of dollars overseas.

Artificial intelligence-powered sales startup 11x has raised $50 million in a new funding round led by Andreessen Horowitz, the company plans to announce Monday, the latest significant financing for a young AI company.